Browse Forums Increasing Home Value 1 Nov 17, 2008 10:34 am Morning all,
A few questions regarding sub-divsions When you sub-divide a block, and you have to build 2 adjoined houses, is it possible to do one at a time ? I am interested in developing my IP (too impatient to wait for capital gains... I want the $ to go and build my own place!) and want to reduce the cashflow pain of building 2 houses...ie could the builder pour the slab for both houses, and only proceed to build on one half...or could they pour the slab in 2 stages for an adjoined house ?? While im here, can anyone out there please do a sanity check of my (rough) calculations for development. House is 1960s double-brick timber foundations, about 120m in size on 750m of land - 18.7 x 40m in Holden Hill, SA. My coundil will allow 700mm gaps between properties (or is it 900? cant remember right now). Therefore, I will be looking at (single story) villas in the order of 8.5m wide probably by 15-20m deep. Looking online, the average base price (and I understand this varies between builders) is anything between 90 - 110K. Subdivision costs - circa 20K Demolition and Removal - about 10K New villa home ~ 125K each (always costs more than they advertise) Is there a better return if you fully finish the house (landscaping, floor coverings etc) or is it quicker and easier to sell during construction. How can I sell my property and keep it eligible for the full FHOG for a new house, which will make it more attractive to possible buyers ? Would fully completing the house void the purchasers right to the full range of govt. benefits and allowances ? Sorry for the shotgun approch, your help is appreciated. ta Why are priates scary ? Because they yaargh.. Re: Rough calculations and questions for sub-division 2Nov 17, 2008 11:27 am Hi Captain Morgan
The best place to get advise on developments is from www.somersoft.com.au A forum for property investors/developers throughout Australia. You will get very specific advise about your development from people who do it as a career. I hope this has helped. Good luck Mrs B Re: Rough calculations and questions for sub-division 3Jan 18, 2009 9:03 pm thanks Mrs B...it is informative site where i get better advice..thanks Re: Rough calculations and questions for sub-division 4Jan 02, 2011 6:24 pm Captain Morgan Morning all, A few questions regarding sub-divsions When you sub-divide a block, and you have to build 2 adjoined houses, is it possible to do one at a time ? I am interested in developing my IP (too impatient to wait for capital gains... I want the $ to go and build my own place!) and want to reduce the cashflow pain of building 2 houses...ie could the builder pour the slab for both houses, and only proceed to build on one half...or could they pour the slab in 2 stages for an adjoined house ?? While im here, can anyone out there please do a sanity check of my (rough) calculations for development. House is 1960s double-brick timber foundations, about 120m in size on 750m of land - 18.7 x 40m in Holden Hill, SA. My coundil will allow 700mm gaps between properties (or is it 900? cant remember right now). Therefore, I will be looking at (single story) villas in the order of 8.5m wide probably by 15-20m deep. Looking online, the average base price (and I understand this varies between builders) is anything between 90 - 110K. Subdivision costs - circa 20K Demolition and Removal - about 10K New villa home ~ 125K each (always costs more than they advertise) Is there a better return if you fully finish the house (landscaping, floor coverings etc) or is it quicker and easier to sell during construction. How can I sell my property and keep it eligible for the full FHOG for a new house, which will make it more attractive to possible buyers ? Would fully completing the house void the purchasers right to the full range of govt. benefits and allowances ? Sorry for the shotgun approch, your help is appreciated. ta In regards to the FHOG part, as of today. They will still get the FULL benefit either way, the only difference is for " non-FHOG buyers...ie investors" they will get a 25% discount on newly established properties that has never been lived in. Building Standards; Getting It Right! 1. optional, you can but normally just use the earth from the main switch board 2. should be enough but the distance determines voltage drop - sparky should work it… 1 28814 Thanks for that! Yeah, I was thinking timber front door. 10 21656 4 11220 |